A Forgotten Generation: Half Of S. Korea's Elderly Live In Poverty

April 10, 2015 4:22 PM

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Koreans — many of them elderly — line up to receive 500 won, or about 50 cents, from Nam Seoul Church in southern Seoul. Each week, organizers say, 300 to 500 seniors show up at each church that offers the service, and the line starts hours in advance.

South Korea may be known known for its high-tech advances, luxury skin care products and rapid economic rise. But these days, the generation largely responsible for all that growth isn't faring so well. South Korea has the worst senior poverty rate among developed nations, and the options for senior...